How to borrow a loan from China Life?

The general process of life insurance policy loan is as follows:

1. Confirm whether the policy is life insurance, dividend insurance and savings.

2. The applicant and the insurer agree to the loan application in writing.

3, the insurance company audit materials, in the case of complete materials can be completed on the same day.

4. The loan will be remitted to the bank account designated by the lender, which will generally arrive within 1-3 days.

Policy loans are loans obtained by insurance companies with life insurance policies. The one-time loanable amount of such loans depends on the effective year of the policy; The age of the insured and the amount of compensation for death when the policy is issued.

base type

Short-term means no cash value, or you can make a policy loan now. Although cash value is an important factor in evaluating whether a policy can be loaned, it is not only the case of high cash value that is linked insurance.

As an insurance with investment function, investment companies with premium100000 or more have accumulated considerable cash value. "Although investment-linked insurance has cash value, it is generally impossible to make a policy loan because the value varies with different investment units."

Fixed interest rate

Lenders are most concerned about the amount, time and interest rate. Similar to general pledge, the reference index of policy loan amount is the "cash value" of the policy. According to the regulations, policy loans are calculated in a limited proportion, and each company is different. For example, the regulations of Pacific, China Life and Taiping Life are 80%; AIA is 80%, and the reporter of Sino-German Allianz Weekly: "Because there is not much difference between the normative departments of policy loans."

The policy loan is 6 months. There are also companies that can automatically renew their loans after maturity.

The policy loan interest rate is different from the bank commercial loan interest rate. The most common one is "the proportion of two-year resident time deposits announced by the People's Bank of China on the first business day of each month in the same period, whichever is greater", and the interest rate is determined at 2.0%.

The above calculation method is implemented by Taiping Life Insurance. Relevant persons' calculation and demonstration show that the annual interest rate of policy loans corresponding to two-year residents' time savings promulgated in 2000 is 5.96%. Since the maximum term of each loan is 6 months, the policy loan bears interest every 6 months.

If the repayment is less than 6 months, it shall be calculated by day. For different types of policies, such as Ping An's dividend insurance, the policy loan interest rate is 5.22%.

Second, how to borrow China Life Insurance?

The conditions of China life insurance policy loan are: 1. The applicant's policy payment is more than 2 years and has a certain cash value. 2. The policies insured by the insured allow users to make loans, such as savings insurance, dividend insurance and annuity insurance. 3. The applicant has a stable and lawful income. The purpose of the applicant's loan is to use, not to invest in stocks. 5. Other conditions stipulated by China Life. The loan steps are as follows: 1. For the China life insurance policy loan, it is necessary to prepare all the materials needed for the loan, submit an application to the lending institution, and wait for the institution to review the lender's information; 2. After examination and approval, the bank determines the loan amount and signs a loan contract with the borrower; 3. After signing the contract, leave the insured policy to the lending institution for mortgage and loan issuance; The borrower repays the loan principal and interest as agreed in the contract. The required conditions are: 1, age 18-60 years old; 2. Citizens who can provide legal and valid identification; 3. Have a stable job and a stable economic income in the place where the loan is located; 4. There is no bad credit record, which meets the requirements of credit reporting. Policy loans are strictly mortgage loans, and collateral is a policy. In the process of mortgage, insurance protection is not affected. The mortgage of most policy loans is the cash value of the underlying policy, and most types of insurance are "life insurance". The amount of the policy depends on the effective year of the policy, and is related to the age of the insured and the amount of compensation for death. Simply put, the policy loan amount is related to the policy underwriting period and the age of the insured, and generally does not exceed the death compensation amount. However, each insurance company has different regulations on policy loans. Generally, only loans for endowment insurance, whole life insurance, endowment insurance and universal insurance are supported, and other short-term insurance does not support this loan. In short, the amount of policy loan is related to the cash value of the policy, which can be found in the insurance contract. Assuming that the cash value of the policy is about 20,000 yuan, the loan will generally not exceed 20,000 yuan. With the increase of the underwriting period, the cash value of the policy will also increase, and the amount of the loan will also increase.

Three, China life insurance policyholders how to loan?

You can take this. There must be an economically or legally recognized insurable interest between the applicant and the insured, otherwise the contract will not be established.

4. How to apply for loans online for life insurance policies?

4. Prepare all the information required for the policy, including the original personal ID card (if the applicant and the insured are not the same person, the original ID card of the insured should also be prepared), the original policy, and the information specified by the bank and life insurance company, and apply for a loan at the counter of the life insurance company.

2. The counter staff accepts the application and reviews the information.

3. After approval, the insurance company determines the loan amount and signs a loan contract with the borrower. After the contract is signed, the insurance policy is left to the insurance company as collateral, and the insurance company issues loans.

Application materials:

1, policies with cash value;

2. Copy of ID card and bank card

3. If the applicant comes to the insurance company alone, it must be signed by the insured.